Wednesday, June 4, 2008

Google Signs Lease For Ames Research Center Campus

Mountain View-based Google and NASA said Wednesday that the two have signed a 40-year agreement, where Google will lease 42.2 acres of land at NASA Research Park at Ames Research Center, for a new technology campus. Google said that it will pay NASA an initial lease of $3.55M per year for the land, where it will construct up to 1.2 million square feet of offices and research and development facilities. The two said that the 40-year lease provides for adjustments of rent, and that Google has the option to extend its lease for up to 50 years. Google and NASA said construction on the technology campus is planned to begin by the end of September 2013. Among Google's plan for the land are company housing, dining, sports, fitness, child care, conference and parking facilities for its employees.